Medical Imaging Market Definition
The medical imaging market is made up of the sales of medical and diagnostic imaging equipment and machines such as X-ray, CT, MRI, ultrasound, OCT, and combined imaging systems (including nuclear imaging), software, consumables, and accessories by MedTech suppliers and other medical suppliers. This products and services are purchased by hospitals, clinics, research institutes, and educational institutions for use in various medical branches.
nForming medical imaging market smart book
The medical imaging market smart books by nForming provide historical and projected revenue, sales volume, prices, and more for each segment covered at the regional and country levels. The smart book also includes information on the main suppliers and their market share in the medical imaging industry. The qualitative data consists of the medical imaging market include comprehensive growth drivers, opportunities, and barriers.
Medical Imaging Market Segmentation:
Medical Imaging Market , By Product Type |
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Medical Imaging Market , By End-Users |
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Medical Imaging Market , By Modality (Only Systems, Excludes Software and Consumables) |
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Medical Imaging Market, By Branch |
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Medical Imaging Market , By Geography |
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Medical Imaging Market Key Suppliers
- Canon, Inc.
- Carestream Health, Inc
- Esaote SpA
- General Electric Company
- Hitachi Ltd
- Hologic, Inc.
- Koninklijke Philips N.V.
- Materialise NV
- Planmeca Oy
- Siemens AG
Medical Imaging Market Trends
The medical imaging market’s growth remained uneven from 2020 to 2022. This can be attributed to the uneven demand for medical imaging across the globe, including in developed nations. For instance, according to the National Health Service (NHS), the total number of diagnostic imaging procedures in 2021/22 reached 44.01 million, a growth rate of 26% from the previous year’s 34.92 million. However, this total number in 2022–23 closed at 41.44 million, 5.84% lower than the previous year.
However, the market is forecast to be positive from 2023–2030. This growth rate is anticipated based on the increasing adoption of cloud-based medical imaging software as structured reporting becomes more popular among healthcare facilities. Furthermore, AI-enabled medical imaging software is flourishing because it assists healthcare facilities in coping with a shortage of radiologists and expanding into other specialties.
Further, this market growth is expected to be pushed by supporting markets, such as the preventive healthcare market. It is anticipated that the preventive healthcare market is expected to grow at a CAGR of 15%, which will further boost the demand for medical and diagnostic imaging, driving the medical imaging products market.
